Michael Snyder expensed $1.2 million in charter-jet travel, hotels and dinners from 2002 through 2004 while making misstatements about the purpose and destinations of trips, and failing to account for personal guests, the SEC said Monday.

As a result, the Greenwood Village-based restaurant operator understated Snyder’s compensation in earnings reports, the Washington-based regulator said in a statement.

Snyder, who retired in August 2005, didn’t admit or deny the allegations in agreeing to the settle the lawsuit filed at U.S. District Court in Denver.

The accord bars him from serving as an officer or director of a public company, the SEC said.

“Mr. Snyder is pleased the matter has been resolved with the SEC,” said Jeffrey Springer, an attorney for the former executive.

Snyder paid full restitution to the company for the disputed expenses while he was still employed there, Springer said.